If you’re talking about how the pointer changes from the rotation arrows to the normal pointer when it’s hovered farther away, if no one comes up with the solution you want, this is at least some possible explanation/workaround for it.
One reason they limited the rotation-sensitive area was that when the pointer was in rotation mode all the way to the edge of the screen, it made it more difficult to do things like exiting Free Transform mode by clicking away. Sure, there are other ways to exit Free Transform mode (keyboard shortcuts or the option bar Cancel/Commit buttons), but a lot of people like to select and deselect using the mouse. If the rotation-sensitive area goes to the edge of the screen, there is no place to click to exit the mode.
Also, you do not lose precision with this change. As with many rotation features in many other applications, what you can do is begin dragging within the rotation-sensitive area, then continue your rotation drag farther away from the center. Photoshop will maintain that rotation drag, and will not drop it, as long as you keep the mouse button down while you are rotating. The only thing you miss is being able to start the drag further out, but there is nothing stopping you from starting the drag close in and finishing the drag farther out with just as much precise control as you had before.
So now we have the best of both worlds. It is now possible to click to exit Free Transform, and no precision was lost thanks to being able to continue the rotation drag as far out as you want.